FIRST AIRED: January 4, 2017

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Transcript

00:00:01
>> When President-elect Donald Trump takes office later this month, he's inheriting a pretty solid economy. The latest evidence, strong auto sales out Wednesday, making 2016 the biggest sales year ever. And it's not just auto sales doing well, the holiday shopping season was impressive, fueled by a nine-year low in unemployment.
00:00:22
Manufacturing and housing are also contributing to the economic pickup, says Reuters Market and Economics Editor, Dan Burns.>> We've got unemployment at 4.6%, we've got wage growth indications as strong as they have been in a number of years. On balance, most sectors look like they're doing very well.
00:00:41
Consumer spending has been one of the real strong pillars.>> Trump taking credit for the economic up swing in a series of tweets. But some economists say giving himself a pat on the back is premature except when it comes to the change and how consumers feel.>> The one sector that perhaps he could take some credit for has been the rebound in consumer, the real surge we've seen in consumer confidence.
00:01:06
Now it wasn't consumers across the board, it was very much driven by older Americans.>> Now it will be up to Trump to deliver to those older Americans and all who felt left out of the economic revival that has gone on since the Great Recession.